LA Marine’s finance lawyers offer expert advice and assistance to lenders and borrowers, as well as buyers and sellers, on marine funding arrangements for a wide range of vessels, including commercial ships, workboats, yachts and superyachts. We regularly prepare bespoke agreements on innovative and market-leading deals within this niche sector.

From the negotiation stages and drafting the loan documentation to post-completion matters and registration of security, we aim to deal with transactions quickly, efficiently and cost-effectively for our clients. Our close relationships with a many of the marine lenders and understanding of their requirements enables us to cooperate with all parties to achieve a smooth transaction. Our user-friendly, commercial approach means that our clients often consider us as an extension of their team.

Our Registrations Team has an excellent working relationship with the UK Ship Registry and other registries within the Red Ensign Group, making the processes of obtaining of transcripts, registering or discharging mortgages, arranging closure or registering changes of ownership as seamless as possible. We can also assist borrowers in completing condition precedent requirements of the lender, such as producing corporate authorities, certified copy constitutional documents, certificates of good standing and providing legal opinions.

We also advise in relation to default situations, including the enforcement of security, and we can accept instructions to act as service agents for non-UK resident borrowers or guarantors, where this is a requirement of the lender.